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Germany: Scholz wants to use windfall corporate profits to drive down energy prices

2022-09-04T10:17:27.948Z


The German government wants to put in place a measure “partial withdrawal of random profits”. Germany wants windfall profits made by some energy companies from soaring market prices to be used to ease household bills, Chancellor Olaf Scholz said on Sunday. In the document presenting a new massive aid plan against inflation, the German government indicates that it will plead for a measure " of partial deduction of the random profits " of these companies to be implemented within the framewo


Germany wants windfall profits made by some energy companies from soaring market prices to be used to ease household bills, Chancellor Olaf Scholz said on Sunday.

In the document presenting a new massive aid plan against inflation, the German government indicates that it will plead for a measure "

of partial deduction of the random profits

" of these companies to be implemented within the framework of the European Union, but says it is ready to act at national level.

Producers simply take advantage of the very high gas prices which determine the price of electricity

”, observed the Chancellor during a press conference.

Source: lefigaro

All news articles on 2022-09-04

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